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South Korea's three major yards have nearly achieved 2022 order targets

The three major shipbuilding groups in South Korea are close to reaching their full-year targets for new orders. The development is driven by a series of orders in one segment in particular.

Photo: Daewoo Shipbuilding & Marine Engineering/Yonhap

South Korea’s three biggest yard groups are already well on their way to achieving their order targets for the year at this point.

Companies Korea Shipbuilding & Offshore Engineering (KSOE), Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries have now secured as much as 87% of the orders aimed for at the year’s beginning, reports South Korean news agency Yonhap.

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